Market Lab Report - Premarket Pulse 10/13/15

Published : October 13 2015 at 8:36 ET
Major averages barely budged yesterday on lower Columbus Day volume. The NASDAQ Composite closed just above its 50-day although the index, like the S&P 500, is showing some slight wedging action as it edges higher on declining volume. The number of actionable names remains few but some stocks are setting up should this bounce continue. Whether this translates into big money-making opportunities or just more of the same sort of unsustainable short-term moves we've seen in this market throughout 2015 is an open question. We will keep members apprised of any opportunities should they present themselves in real-time.

Futures are down around half a percent as weak economic reports out of Germany and China weigh on the markets. Commodities have been trading lower over the last two days. The global economy remains unwell thus have spurred foreign central banks to keep or increase their easy money policies.

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